Chaos Labs Unveils Decentralized Oracle Protocol Edge for Solana Ecosystem's DEX Jupiter
Publication Time:2024-09-13 10:57:08
Chaos Labs recently introduced an innovative decentralized oracle protocol called Edge, aimed at boosting the trading efficiency and security on the distributed exchange (DEX) Jupiter within the Solana ecosystem. The protocol leverages Chaos's advanced anomaly and detection algorithms to provide highly accurate price data, ensuring the accuracy of the trading process. Additionally, Edge features an automated on-chain real-time parameter adjustment function that adapts its trading strategies according to market dynamics. Moreover, it facilitates secure transmission of data points on the blockchain, including proof of reserves transmitted through Zero-Knowledge Proofs (ZKP), further enhancing the transparency and credibility of the trading system. Since its launch, Edge has successfully supported over $3 billion in transactions on Jupiter, demonstrating its high efficiency and reliability in practical applications.
Solana Ecosystem
Zero-Knowledge Proofs
Jupiter DEX
Decentralized Oracle
Anomaly Detection
Real-time Parameter Adjustment